Wheaton Precious Metals Corp. $WPM Holdings Lessened by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. decreased its position in shares of Wheaton Precious Metals Corp. (NYSE:WPM) by 71.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,092 shares of the company’s stock after selling 30,656 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Wheaton Precious Metals were worth $1,619,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WPM. Van ECK Associates Corp increased its holdings in Wheaton Precious Metals by 0.5% in the 2nd quarter. Van ECK Associates Corp now owns 14,411,000 shares of the company’s stock worth $1,619,480,000 after buying an additional 78,618 shares during the period. BlackRock Inc. acquired a new stake in Wheaton Precious Metals during the 2nd quarter valued at approximately $581,250,000. The Manufacturers Life Insurance Company lifted its stake in Wheaton Precious Metals by 3.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,870,587 shares of the company’s stock valued at $376,387,000 after acquiring an additional 92,435 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Wheaton Precious Metals during the 2nd quarter valued at approximately $351,708,000. Finally, Amundi boosted its holdings in shares of Wheaton Precious Metals by 3.2% in the 1st quarter. Amundi now owns 2,531,060 shares of the company’s stock valued at $331,594,000 after acquiring an additional 77,903 shares during the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Bank of America dropped their price objective on shares of Wheaton Precious Metals from $163.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. UBS Group raised their target price on shares of Wheaton Precious Metals from $153.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Royal Bank Of Canada boosted their target price on shares of Wheaton Precious Metals from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Scotiabank decreased their target price on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Finally, Weiss Ratings raised shares of Wheaton Precious Metals from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, October 9th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Wheaton Precious Metals has a consensus rating of “Moderate Buy” and a consensus price target of $172.11.

Wheaton Precious Metals Trading Up 2.8%

Wheaton Precious Metals stock opened at $133.18 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.20. Wheaton Precious Metals Corp. has a 12 month low of $92.57 and a 12 month high of $165.76. The stock’s 50 day simple moving average is $144.52 and its two-hundred day simple moving average is $131.61. The firm has a market cap of $60.49 billion, a PE ratio of 29.53, a P/E/G ratio of 2.36 and a beta of 0.54.

Wheaton Precious Metals (NYSE:WPM) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $879.29 million. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The business’s revenue was up 84.7% on a year-over-year basis. During the same quarter last year, the company earned $0.63 EPS. Analysts anticipate that Wheaton Precious Metals Corp. will post 4.80 earnings per share for the current year.

Wheaton Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a $0.1950 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 20th. Wheaton Precious Metals’s payout ratio is currently 17.29%.

Wheaton Precious Metals Company Profile

Wheaton Precious Metals Corp. is a precious metals streaming company headquartered in Vancouver, Canada. Rather than operating mines directly, the company provides mining companies with upfront financing in exchange for the right to purchase a portion of the gold, silver, palladium, cobalt and other metals produced by designated mining operations at predetermined prices.

Wheaton’s streaming portfolio is supported by agreements with mining operations in the Americas and other regions, including Canada, the United States, Mexico, Peru, Brazil and Chile.